https://www.taxtmi.com/caselaws?id=289301 A verified claim under the Displaced Persons (Claims) Act, 1950 was not "property" for estate duty purposes because it merely recorded and verified a claim and did not itself create a subsisting proprietary right. The right to compensation arose only under the Displaced Persons (Compensation and Rehabilitation) Act, 1954, which provided the machinery for determining and paying compensation. Since the Estate Duty Act required an existing proprietary interest, the verified claim could not be treated as property passing on death. The HC therefore held that no estate duty was payable and answered the question in favour of the assessee. en-us Mon, 21 Mar 1960 00:00:00 +0530 Fri, 24 Jul 2020 13:00:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289301 A verified claim under the Displaced Persons (Claims) Act, 1950 was not "property" for estate duty purposes because it merely recorded and verified a claim and did not itself create a subsisting proprietary right. The right to compensation arose only under the Displaced Persons (Compensation and Rehabilitation) Act, 1954, which provided the machinery for determining and paying compensation. Since the Estate Duty Act required an existing proprietary interest, the verified claim could not be treated as property passing on death. The HC therefore held that no estate duty was payable and answered the question in favour of the assessee. Case-Laws Indian Laws Mon, 21 Mar 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289301